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Shawcor (TSE:SCL - Get Rating) had its target price increased by equities researchers at Royal Bank of Canada from C$8.00 to C$12.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank of Canada's price target points to a potential upside of 47.60% from the company's previous close.

Several other equities analysts have also weighed in on the stock. ATB Capital lifted their target price on shares of Shawcor from C$10.50 to C$13.00 in a report on Sunday, August 21st. BMO Capital Markets boosted their price objective on Shawcor from C$8.00 to C$12.00 in a research note on Friday, August 19th. TD Securities increased their target price on Shawcor from C$11.00 to C$12.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, National Bankshares boosted their price target on Shawcor from C$8.50 to C$12.00 and gave the stock an "outperform" rating in a research report on Friday, August 19th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$11.58.Shawcor Trading Up 0.9 %

Shares of Shawcor stock traded up C$0.07 during trading hours on Tuesday, reaching C$8.13. The stock had a trading volume of 288,567 shares, compared to its average volume of 254,139. The firm has a market capitalization of C$573.24 million and a price-to-earnings ratio of -8.09. Shawcor has a 1 year low of C$4.24 and a 1 year high of C$8.47. The company has a current ratio of 1.88, a quick ratio of 1.29 and a debt-to-equity ratio of 49.80. The firm has a 50 day simple moving average of C$6.37 and a two-hundred day simple moving average of C$5.80.

Shawcor (TSE:SCL - Get Rating) last posted its earnings results on Thursday, August 11th. The company reported C$0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.03 by C$0.04. The business had revenue of C$307.02 million for the quarter, compared to analyst estimates of C$279.37 million. As a group, equities research analysts anticipate that Shawcor will post 1.46 earnings per share for the current year. About Shawcor (Get Rating)

Shawcor Ltd. operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments: Composite Systems, Automotive and Industrial, and Pipeline and Pipe Services. The Composite Systems segment manufactures flexible composite and high density polyethylene pipes that are used for oil and gas gathering, water disposal, carbon dioxide injection pipelines, and other applications; fiberglass reinforced plastic underground storage tanks for the retail fuel, water and wastewater, and oil and gas markets; and tubular management services to the Western Canadian onshore oilfield market, including inventory management systems, mobile inspection, in-plant inspection and the refurbishment and rethreading of drill pipe, production tubing and casing, and tubular products.Featured ArticlesThis Is What To Expect From The S&P 500 NowThe Two Things You Need To Know About Oracle’s FQ1 ReportThree Value Stocks For A Volatile Market3 Energy Stocks Nearing Breakouts From Cup-Shaped PatternsDo These Dividend Achievers Deserve A Place In Your Portfolio?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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